Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.10.0.1
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2018
Long-Term Debt

Long-term debt consisted of the following:

 

     December 31, 2017      September 30, 2018  
     (Dollars in thousands)  

6.75% Senior Secured Notes

   $ 255,000      $ 245,000  

Less unamortized debt issuance costs based on imputed interest rate of 7.08%

     (5,774      (4,867
  

 

 

    

 

 

 

6.75% Senior Secured Notes net carrying value

     249,226        240,133  
  

 

 

    

 

 

 

Asset-Based Revolving Credit Facility principal outstanding

     9,000        10,200  

Capital leases and other loans

     462        77  
  

 

 

    

 

 

 

Long-term debt and capital lease obligations less unamortized debt issuance costs

     258,688        250,410  

Less current portion

     (9,109      (10,228
  

 

 

    

 

 

 

Long-term debt and capital lease obligations less unamortized debt issuance costs, net of current portion

   $ 249,579      $ 240,182  
  

 

 

    

 

 

 
Principle Repayment Requirements Under Long Term Agreements Outstanding

Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2018 for each of the next five years and thereafter are as follows:

 

     Amount  
For the Twelve Months Ended September 30,    (Dollars in thousands)  

2019

   $ 10,228  

2020

     14  

2021

     15  

2022

     14  

2023

     6  

Thereafter

     245,000  
  

 

 

 
   $ 255,277  
  

 

 

 
Term Loan B [Member]  
Repayments of Term Loan B

The following payments or prepayments of the Term Loan B were made during the year ended December 31, 2016 and through the date of the termination, including interest through the payment date as follows:

 

Date

   Principal Paid      Unamortized Discount  
     (Dollars in Thousands)  

May 19, 2017

   $ 258,000      $ 550  

February 28, 2017

     3,000        6  

January 30, 2017

     2,000        5  

December 30, 2016

     5,000        12  

November 30, 2016

     1,000        3  

September 30, 2016

     1,500        4  

September 30, 2016

     750        —    

June 30, 2016

     441        1  

June 30, 2016

     750        —    

March 31, 2016

     750        —    

March 17, 2016

     809        2